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Lithuania issues world's first digital collector coin


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The first digital collector coin has appeared on the market, issued by the Lithuanian Central Bank. The coin is state-backed, is called LBCOIN, it is based on blockchain technology and consists of six digital tokens and one physical collector coin.

The silver collector coins are coined by the Lithuanian Mint, resemble a credit card and depict Lithuania’s 1918 act of independence and its 20 signatories. Each coin has a nominal value of 19.18 EUR to commemorate that date.

So far the Bank of Lithuania has issued only 4000 such coins and they can be collected after buying the digital tokens.

I think that is really quite cool, who knew the day would come when banks would be issuing such coins? I wonder which the next bank to do so will be.

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